American International Group, Inc. (NYSE:AIG) Shares Sold by Mitchell & Pahl Private Wealth LLC

Mitchell & Pahl Private Wealth LLC reduced its position in American International Group, Inc. (NYSE:AIG) by 1.8% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 8,171 shares of the insurance provider’s stock after selling 149 shares during the period. Mitchell & Pahl Private Wealth LLC’s holdings in American International Group were worth $598,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of AIG. nVerses Capital LLC grew its stake in American International Group by 198.1% during the 3rd quarter. nVerses Capital LLC now owns 15,500 shares of the insurance provider’s stock valued at $1,135,000 after purchasing an additional 10,300 shares in the last quarter. Transform Wealth LLC boosted its stake in shares of American International Group by 2.4% during the 3rd quarter. Transform Wealth LLC now owns 129,814 shares of the insurance provider’s stock valued at $9,506,000 after buying an additional 2,985 shares during the last quarter. Vontobel Holding Ltd. grew its position in shares of American International Group by 1.7% during the third quarter. Vontobel Holding Ltd. now owns 61,040 shares of the insurance provider’s stock worth $4,470,000 after buying an additional 1,020 shares in the last quarter. Sumitomo Life Insurance Co. increased its stake in shares of American International Group by 2.9% in the third quarter. Sumitomo Life Insurance Co. now owns 10,606 shares of the insurance provider’s stock worth $777,000 after buying an additional 298 shares during the last quarter. Finally, Opal Wealth Advisors LLC boosted its stake in American International Group by 11.8% during the 3rd quarter. Opal Wealth Advisors LLC now owns 3,201 shares of the insurance provider’s stock valued at $234,000 after acquiring an additional 338 shares during the last quarter. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at American International Group

In other news, major shareholder International Group American sold 8,032,129 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $24.90, for a total transaction of $200,000,012.10. Following the completion of the sale, the insider now directly owns 284,238,898 shares of the company’s stock, valued at $7,077,548,560.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

AIG has been the subject of several research analyst reports. UBS Group boosted their target price on shares of American International Group from $84.00 to $88.00 and gave the stock a “buy” rating in a research report on Tuesday. Royal Bank of Canada reissued an “outperform” rating and set a $87.00 price target on shares of American International Group in a research report on Tuesday, July 9th. Evercore ISI reduced their price objective on American International Group from $79.00 to $78.00 and set an “in-line” rating on the stock in a research note on Wednesday, October 9th. StockNews.com lowered shares of American International Group from a “hold” rating to a “sell” rating in a research note on Monday, August 5th. Finally, Jefferies Financial Group lifted their price target on shares of American International Group from $82.00 to $88.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, American International Group presently has an average rating of “Hold” and a consensus target price of $84.38.

American International Group Price Performance

Shares of AIG stock traded up $1.77 during midday trading on Thursday, reaching $78.91. 1,738,191 shares of the company were exchanged, compared to its average volume of 4,126,393. The company’s 50 day moving average price is $74.16 and its two-hundred day moving average price is $75.48. The company has a market cap of $52.37 billion, a P/E ratio of 11.67, a PEG ratio of 3.88 and a beta of 1.06. American International Group, Inc. has a 12 month low of $58.69 and a 12 month high of $80.83. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.67 and a current ratio of 0.67.

American International Group (NYSE:AIG) last announced its earnings results on Wednesday, July 31st. The insurance provider reported $1.16 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.14). American International Group had a positive return on equity of 9.52% and a negative net margin of 1.54%. The firm had revenue of $1.00 million for the quarter, compared to the consensus estimate of $11.64 billion. During the same period in the previous year, the firm earned $1.75 EPS. American International Group’s revenue for the quarter was up .0% on a year-over-year basis. On average, sell-side analysts expect that American International Group, Inc. will post 5.09 earnings per share for the current year.

American International Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.03%. American International Group’s dividend payout ratio (DPR) is presently 23.88%.

American International Group Company Profile

American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through three segments: General Insurance, Life and Retirement, and Other Operations. The General Insurance segment provides commercial and industrial property insurance, including business interruption and package insurance that cover exposure to made and natural disasters; general liability, environmental, commercial automobile liability, workers’ compensation, excess casualty, and crisis management insurance products; and professional liability insurance.